Belfield, ND—58622
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belfield, ND
As of Oct '25, the median home price in Belfield, ND is $245,000, with a year-over-year change of 12.2%. This indicates that home prices in Belfield, ND are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 12.2% |
| Single Family | $245,000 | 11.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $211,000 | 12.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Belfield, ND
As of July '25, Rentcast reports the average rent in Belfield, ND is $1,250, with a year-over-year rent change of 38.9%. Per bedroom, the median rent as of July '25 in Belfield, ND is 2-bedrooms: $1,030, 3-bedrooms: $1,430, 4-bedrooms: $1,410. The most common rental property sizes in Belfield, ND are 2-bedroom and 3-bedroom, accounting for 50.4% and 41.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $1,030 |
| 3 Bed Rent | $1,350 | $1,430 |
| 4 Bed Rent | $1,410 | $1,410 |
% of Rental Stock
Property Listings — Belfield, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Belfield, ND is 68. This is a decrease of -50.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 0.0% |
Listing Count | 7 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 68 | -50.0% |
Demographics — Belfield, ND
As of the latest ACS Survey released in 2023, Belfield, ND has a population of 1,650, which has decreased by -14.2% over the past 5 years. Belfield, ND is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,650 | -14.2% |
% Under 18 | 30.6% | 0.3% |
% Seniors | 18.2% | 11.0% |
% WFH | 18.4% | 206.7% |
% w/ College Degree | 22.1% | 27.7% |
As of the latest ACS Survey released in 2023, Belfield, ND is a predominantly white area, with 96.4% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Belfield, ND is hispanic, making up 1.6% of the population. Foreign-born residents account for 0.5% of the population in Belfield, ND, and this percentage has decreased by 80.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.4% | 1.9% |
% Black | 0.5% | -76.2% |
% Hispanic | 1.6% | -46.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | -80.8% |
Mortgage and Risk — Belfield, ND
According to HUD data as of 2023, there were 45 mortgage originations in Belfield, ND, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Belfield, ND. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Belfield, ND
Belfield, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | $250 | $900 | $1,150 |
| 3 Bedroom | $260 | $1,350 | $1,610 |
| 4 Bedroom | $520 | $1,410 | $1,930 |
Affordability — Belfield, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $245,000 |
| Median Household Income | $77,800 |